Founder: Millard F. DeVoll.
Number of employees: 22.
Key family members active in the company: John DeVoll (Millard's son), president; Stacy DeVoll (John's daughter), general manager; Amanda DeVoll (John's daughter), office manager; Jim DeVoll (Millard's son), tool design.
What it does: DeVoll Rubber manufactures custom rubber products, specializing in lathe-cut gaskets and profile extrusions, which are all in industrial applications.
Markets served: Industrial, automotive, aerospace and electronic.
Number of generations involved in the business: Three.
Strengths of a family owned business: Strengths include control of time flexibility, allows time for personal activities such as family and education; control of financial planning; and control of products and services offered to customers.
What are the challenges of a family owned business?
How are they resolved? With multiple family members running a single company there are multiple plans and ideas that can cause conflict, but with patience and having open minds to new ideas, there's nothing a bottle of wine can't fix.